Spain | The performance of the labor market was positively surprising in February

Social Security affiliation rose by 103,600, while unemployment decreased by 7,500. After seasonal adjustments, it is estimated that the number of contributors grew by 85,000, and the number of unemployed people dropped by 35,000. The percentage of temporary contracts decreased by 2.9 pp to 54.2% CVEC.

Key points

• Key points:
• Social Security affiliation surpassed expectations.
• All sectors, except for construction, created jobs in seasonally adjusted terms.
• More permanent contracts and fewer temporary ones.
• Unemployment reduction gained momentum.
• The services sector drove the decline in unemployment.

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